Bayview Four Family
2440 South Wentworth Avenue Milwaukee, WI 53207
For Sale
$575,000
Spacious one-bedroom units in desirable Milwaukee location.
Property Size2,722 SF
Price / SF$211.24
Days on Market81
Property Features for 2440 South Wentworth Avenue
General Information
Standard status
Active
Size
2,722 SF
Property subtype
Multi-Family / Multi-Family
Building Details
Year Built
1893
Listing Agency:
Compass
(414) 243-9836
Listed By:
Shar Borg Team · License #66172-94
(414) 243-9836
Source:
Compass
Added: May 11
Changed: Jul 10
Last Checked: Jul 29 at 12:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This Bayview four-family property is suitable for either an owner-occupant or an investor. The property features spacious one-bedroom units, each equipped with hardwood floors, fireplaces, updated kitchens, and in-unit laundry facilities. It is located in one of Milwaukee's desirable communities, within walking distance of the lake, coffee shops, grocery stores, restaurants, and the shops on Kinnickinnic Avenue. The property size is 2722 square feet. Rents have been kept below market value, presenting an opportunity for growth, with comparable units renting for $1000 per month.
Key Highlights
- Four‑family property in the highly desirable Bayview neighborhood.
- Excellent investment opportunity with below‑market rents and potential for increased income.
- Spacious one‑bedroom units with desirable features including hardwood floors, fireplaces, updated kitchens, and in‑unit laundry.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.8k | $15.00 |
| − Vacancy | −$1.7k | −$0.63 |
| EGI | $39.1k | $14.37 |
| − OpEx | −$11.7k | −$4.31 |
| NOI | $27.4k | $10.06 |
2,722 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.2K
$342.3K – $456.4K
NOI $27,381 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$362.2K
$316.9K – $422.5K
NOI $25,352 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$654.1K
$572.4K – $763.1K
NOI $45,788 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Spacious one-bedroom units in desirable Milwaukee location.
Where is this quadplex located?
The property is located at 2440 South Wentworth Avenue Milwaukee, WI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four‑family property in the highly desirable Bayview neighborhood.; Excellent investment opportunity with below‑market rents and potential for increased income.; Spacious one‑bedroom units with desirable features including hardwood floors, fireplaces, updated kitchens, and in‑unit laundry.
